| Schedule of investments in self storage property acquisitions |
The following table summarizes, by calendar quarter, the investments in self storage property acquisitions completed by the Company during the years ended December 31, 2018 and 2017 (dollars in thousands):
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Acquisitions closed during the Three Months Ended: |
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Summary of Investment |
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Number of Properties |
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Cash and Acquisition Costs |
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Value of OP Equity(1)
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Liabilities Assumed |
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Total |
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Mortgages(2)
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Other |
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March 31, 2018 |
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25 |
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$ |
105,135 |
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$ |
22,403 |
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$ |
7,581 |
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$ |
670 |
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$ |
135,789 |
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June 30, 2018 |
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12 |
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62,470 |
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— |
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— |
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467 |
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62,937 |
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September 30, 2018 |
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13 |
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102,012 |
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3,660 |
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— |
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856 |
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106,528 |
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December 31, 2018 |
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7 |
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49,221 |
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2,000 |
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— |
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174 |
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51,395 |
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Total |
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57 |
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$ |
318,838 |
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$ |
28,063 |
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$ |
7,581 |
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$ |
2,167 |
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$ |
356,649 |
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March 31, 2017 |
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5 |
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$ |
26,780 |
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$ |
4,964 |
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$ |
— |
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$ |
183 |
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$ |
31,927 |
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June 30, 2017 |
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10 |
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60,672 |
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8,931 |
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— |
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387 |
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69,990 |
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September 30, 2017 |
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19 |
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122,742 |
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267 |
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— |
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826 |
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123,835 |
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December 31, 2017 |
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31 |
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181,809 |
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17,019 |
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— |
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2,220 |
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201,048 |
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Total |
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65 |
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$ |
392,003 |
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$ |
31,181 |
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$ |
— |
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$ |
3,616 |
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$ |
426,800 |
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(1) |
Value of OP equity represents the fair value of Series A-1 preferred units, OP units, subordinated performance units, and LTIP units. |
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(2) |
Includes fair value of debt adjustment for assumed mortgages of approximately $0.2 million during the year ended December 31, 2018.
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